KERRY EXPRESS (Thailand) Market Value
| KEX-R Stock | THB 1.99 0.07 3.40% |
| Symbol | KERRY |
KERRY EXPRESS 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to KERRY EXPRESS's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of KERRY EXPRESS.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in KERRY EXPRESS on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding KERRY EXPRESS or generate 0.0% return on investment in KERRY EXPRESS over 360 days. KERRY EXPRESS is related to or competes with Thai Coating, Sun Vending, Lohakit Metal, President Automobile, Silicon Craft, Pato Chemical, and Information. Kerry Express Public Company Limited provides parcel delivery services in Thailand, Hong Kong, Taiwan, Vietnam, Cambodia... More
KERRY EXPRESS Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure KERRY EXPRESS's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess KERRY EXPRESS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 63.59 | |||
| Value At Risk | (1.87) |
KERRY EXPRESS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for KERRY EXPRESS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as KERRY EXPRESS's standard deviation. In reality, there are many statistical measures that can use KERRY EXPRESS historical prices to predict the future KERRY EXPRESS's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (1.10) | |||
| Total Risk Alpha | (2.36) | |||
| Treynor Ratio | (2.50) |
KERRY EXPRESS Backtested Returns
KERRY EXPRESS has Sharpe Ratio of -0.13, which conveys that the firm had a -0.13% return per unit of volatility over the last 3 months. KERRY EXPRESS exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify KERRY EXPRESS's risk adjusted performance of (0.09), and Mean Deviation of 2.03 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.42, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, KERRY EXPRESS's returns are expected to increase less than the market. However, during the bear market, the loss of holding KERRY EXPRESS is expected to be smaller as well. At this point, KERRY EXPRESS has a negative expected return of -1.07%. Please make sure to verify KERRY EXPRESS's kurtosis, as well as the relationship between the day median price and period momentum indicator , to decide if KERRY EXPRESS performance from the past will be repeated at future time.
Auto-correlation | -0.14 |
Insignificant reverse predictability
KERRY EXPRESS has insignificant reverse predictability. Overlapping area represents the amount of predictability between KERRY EXPRESS time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of KERRY EXPRESS price movement. The serial correlation of -0.14 indicates that less than 14.0% of current KERRY EXPRESS price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 3.82 |
KERRY EXPRESS lagged returns against current returns
Autocorrelation, which is KERRY EXPRESS stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting KERRY EXPRESS's stock expected returns. We can calculate the autocorrelation of KERRY EXPRESS returns to help us make a trade decision. For example, suppose you find that KERRY EXPRESS has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
KERRY EXPRESS regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If KERRY EXPRESS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if KERRY EXPRESS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in KERRY EXPRESS stock over time.
Current vs Lagged Prices |
| Timeline |
KERRY EXPRESS Lagged Returns
When evaluating KERRY EXPRESS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of KERRY EXPRESS stock have on its future price. KERRY EXPRESS autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, KERRY EXPRESS autocorrelation shows the relationship between KERRY EXPRESS stock current value and its past values and can show if there is a momentum factor associated with investing in KERRY EXPRESS.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectOther Information on Investing in KERRY Stock
KERRY EXPRESS financial ratios help investors to determine whether KERRY Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in KERRY with respect to the benefits of owning KERRY EXPRESS security.